Real Matters (TSE:REAL) Stock Price Down 2.1% – Here’s Why

Shares of Real Matters Inc. (TSE:REAL) dropped 2.1% during mid-day trading on Friday . The company traded as low as C$5.92 and last traded at C$5.92. Approximately 290,096 shares were traded during trading, an increase of 330% from the average daily volume of 67,542 shares. The stock had previously closed at C$6.05.

Analyst Upgrades and Downgrades

Separately, Cormark cut their target price on shares of Real Matters from C$8.75 to C$7.50 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$8.64.

Real Matters Trading Down 2.1 %

The company’s fifty day moving average price is C$6.09 and its two-hundred day moving average price is C$7.01. The company has a quick ratio of 3.75, a current ratio of 4.68 and a debt-to-equity ratio of 2.27. The company has a market cap of C$304.57 million, a price-to-earnings ratio of 59.30, a price-to-earnings-growth ratio of -59.18 and a beta of 0.86.

Insider Activity at Real Matters

In related news, Director Kay Brekken purchased 7,870 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of C$6.10 per share, with a total value of C$48,004.64. Also, Senior Officer Ryan Jacob Smith sold 10,752 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$5.76, for a total transaction of C$61,931.52. Insiders own 5.17% of the company’s stock.

Real Matters Company Profile

Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.